A Warning From 1991: Is India's Next Big Shock Hiding In Its Oil Bill?

What has economists invoking 1991 is not just expensive oil, but a dangerous convergence of risks. A swelling import bill is colliding with the possibility that capital inflows, long a cushion, could turn into outflows.

Key takeaways

Quick scan — what you need to know:

• What has economists invoking 1991 is not just expensive oil, but a dangerous convergence of risks.
• A swelling import bill is colliding with the possibility that capital inflows, long a cushion, could turn into outflows.

Background

What led here, in plain terms:

• What has economists invoking 1991 is not just expensive oil, but a dangerous convergence of risks.
• A swelling import bill is colliding with the possibility that capital inflows, long a cushion, could turn into outflows.

Why it matters

Why readers and decision-makers should care:

• What has economists invoking 1991 is not just expensive oil, but a dangerous convergence of risks.
• A swelling import bill is colliding with the possibility that capital inflows, long a cushion, could turn into outflows.